Funding arb · Price arb /

TSLA

RWAall TSLA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.013%

Price spread now: Phemex against QFEX+0.082%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on QFEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.082%, 7d avg +0.015%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.067% dearer against QFEX than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.015%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX TSLA-USD	376.02	0.0033	pay 0.0004% / 1h	40m 38s	$1.2M	$6.4M	10x
Short	Phemex TSLAUSDT	376.33	0	get 0.0000% / 4h	3h 40m	$1.1M	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee PhemexbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$6.89
Price spread: +0.082% → +0.015%: $6.71
Slippage, 4 orders: −$63.77
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$85.95
Costs to cover: 0.858%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Phemex: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy QFEX live order book, 3 min ago	2.26 bp	7.3 bp −$7	7.5 bp −$75	12.0 bp −$1,198	doesn't fit
Sell Phemex live order book, 2 min ago	1.73 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit

TSLA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TSLAUSDC	−0.0876%	4h	376.26	+0.065%	$398K	$1.0M	10x	as long as short
BloFin TSLA-USDT	−0.0024%	8h	376.11	+0.024%	$575K	$352K	20x	as long as short
Aster TSLAUSDT	0.0000%	8h	375.98	−0.012%	$576K	$195K	50x	as long as short
Extended TSLA_24_5-USD	0.0000%	1h	375.91	−0.029%	$480K	$2.7M	10x	as long as short
Binance TSLAUSDT	0.0000%	8h	376.02	0.000%	$47.3M	$111.1M	25x	as long as short
Bybit TSLAUSDT	0.0000%	8h	376.09	+0.019%	$10.3M	$15.4M	100x	as long as short
OKX TSLA-USDT-SWAP	0.0000%	8h	375.94	−0.021%	$11.2M	$16.8M	25x	as long as short
RISEx TSLA/USDC	0.0000%	1h	376.04	+0.004%	$289K	$580K	20x	as long as short
Bitget TSLAUSDT	0.0000%	8h	375.93	−0.024%	$17.0M	$22.5M	100x	as long as short
Variational Omni TSLA	0.0000%	8h	376.02	0.000%	$1.9M	$1.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX TSLA-USD	0.0000%	1h	376.28	+0.069%	$200K	$898K	20x	as long as short
Phemex TSLAUSDTshort	0.0000%	4h	376.33	+0.082%	$1.1M	$14K	10x
Hotstuff TSLA-PERP	+0.0008%	1h	375.87	−0.040%	$34K	—	20x	as long as short
Aftermath Perps TSLAUSD	+0.0021%	1h	375.98	−0.012%	$38K	$41K	10x	as long as short
Lighter TSLA	+0.0032%	1h	375.94	−0.021%	$818K	$3.6M	20x	as long as short
Lighter RH TSLA	+0.0032%	1h	375.95	−0.019%	$1.2M	$2.5M	20x	as long as short
QFEX TSLA-USDlong	+0.0033%	1h	376.02	long leg	$1.2M	$6.4M	10x
Gate TSLA_USDT	+0.0033%	8h	376.03	+0.003%	$2.3M	$3.5M	100x	as long as short
Arcus TSLA-USD	+0.0040%	1h	375.92	−0.027%	$133K	$106K	10x	as long as short
Vest TSLA-USD-PERP	+0.0046%	1h	375.99	−0.008%	—	$129K	25x	as long as short
tradeXYZ xyz:TSLA	+0.0050%	1h	375.70	−0.085%	$44.4M	$14.6M	20x	as long as short
Polymarket Perps TSLA-USD	+0.0050%	1h	375.86	−0.043%	$300K	$309K	10x	as long as short
SoDEX TSLA-USD	+0.0050%	1h	375.97	−0.013%	$4K	$3K	10x	as long as short
Ondo Perps TSLA-USD.P	+0.0050%	1h	375.97	−0.013%	$1.6M	$1.1M	10x	as long as short
GRVT TSLA_USDT_Perp	+0.0063%	8h	376.35	+0.088%	$842K	$2.8M	10x	as long as short
Coinbase International TSLA-PERP-INTX	+0.0080%	1h	376.45	+0.114%	$512K	$330K	10x	as long as short
Bullet TSLA-USD	+0.0090%	1h	376.05	+0.009%	$5K	$90K	10x	as long as short
Deribit TSLA_USDC-PERPETUAL	+0.0096%	1h	375.91	−0.029%	$20K	$189K	10x	as long as short
Pacifica TSLA	+0.0100%	1h	375.81	−0.056%	$390K	$38K	10x	as long as short
KuCoin TSLAUSDTM	+0.0100%	8h	375.85	−0.045%	$1.5M	$105K	20x	as long as short
ApeX Omni TSLAUSDT	+0.0100%	1h	376.10	+0.021%	$4K	$62K	50x	as long as short
Orderly PERP_TSLA_USDC	+0.0100%	8h	375.92	−0.027%	$41K	$23K	20x	as long as short
Aevo TSLA-PERP	+0.0104%	1h	376.00	−0.005%	$744	—	10x	as long as short
Nado TSLA-PERP	+0.0206%	1h	375.95	−0.019%	$489K	$112K	20x	as long as short
Injective TSLA/USDC PERP	+0.0220%	1h	377.23	+0.322%	$78K	$36K	30x	as long as short
Phoenix TSLA	+0.0276%	1h	376.25	+0.061%	$1.3M	$540K	20x	as long as short